Ameriprise Financial Inc. Sells 4,946 Shares of National Storage Affiliates Trust (NYSE:NSA)

Ameriprise Financial Inc. cut its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,958 shares of the real estate investment trust’s stock after selling 4,946 shares during the period. Ameriprise Financial Inc. owned approximately 0.14% of National Storage Affiliates Trust worth $4,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in shares of National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 756 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 710 shares during the last quarter. KBC Group NV lifted its stake in shares of National Storage Affiliates Trust by 94.3% in the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,869 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of National Storage Affiliates Trust by 50.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $210,000. 99.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at $231,240. This trade represents a 200.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Barclays lowered their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th. Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 price objective for the company. Wells Fargo & Company decreased their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Finally, Truist Financial set a $37.00 price target on National Storage Affiliates Trust and gave the stock a “hold” rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.83.

National Storage Affiliates Trust Trading Up 1.0%

NSA opened at $34.12 on Monday. The stock’s fifty day moving average is $36.30 and its two-hundred day moving average is $38.27. The company has a market capitalization of $2.61 billion, a P/E ratio of 19.95 and a beta of 1.20. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $188.35 million for the quarter, compared to analysts’ expectations of $184.65 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 6.68%. National Storage Affiliates Trust’s payout ratio is currently 386.44%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.